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China's three eye-catching battery technologies of 2020
Shanghai (Gasgoo)- In 2020, several Chinese domestic power battery developers and suppliers launched innovative battery products and technologies to enhance their competitive edge. Of those, BYD's blade battery, GAC's graphene-enabled battery and SVOLT's jelly battery have caught the eye of many industry insiders. However, no matter how elaborate their technologies are, the success will eventually rest upon on cost competitiveness and the improvement of battery performance and safety.
BYD's ‘blade battery’
On March 29, BYD formally launched the “blade battery”, a new type of new lithium iron phosphate battery (LFP battery) that is set to mitigate concerns about battery safety in electric vehicles.
BYD's "blade battery"; photo credit: BYD
“The launch of 'blade battery' demonstrates BYD's resolution to thoroughly solve the pain points of NEVs and our better capability in guiding global battery industry back on track, so as to put an end to spontaneous combustions in EVs,” said Wang Chuanfu, chairman and president of BYD.
At the launching ceremony, the automaker highlighted a video of the “blade battery” successfully passing a nail penetration test, which is seen as the most rigorous way to test the thermal runaway of batteries due to its sheer difficulty.
The “blade battery” is named according to its shape, which is more flat and elongated than traditional square batteries. According to BYD, the singular cells are arranged together in an array and then inserted into a battery pack. Due to its optimized battery pack structure, the space utilization of the battery pack is increased by over 50% compared to conventional lithium iron phosphate block batteries.
The battery is firstly used in the BYD Han EV, a heavyweight model that hit the market on July 12. Powered by the “blade battery”, the vehicle offers a single-charge range of 605 kilometers (NEDC cycle).
GAC Group's three-dimensional graphene battery
GAC Group stated earlier this month that the R&D of the graphene-enhanced battery was well underway and the company expected to test the battery in production vehicles by the end of this year. Nevertheless, whether the mass production will be achieved still depends upon the testing result.
Three-dimensional graphene material; photo credit: GAC Group
During the R&D process, the three-dimensional graphene (3DG) is put into a battery's cathode and anode as an additive in a bid to improve battery charging performance, said GAC Group. The company has applied for many patents for the technology, covering fields like graphene production, supercapacitor and fast-charging battery.
GAC Group started the R&D of graphene technology as far back as 2014. At the 2020 Tech Day in July, GAC Group announced it developed super-fast-charging battery by virtue of graphene's outstanding conductivity and special 3D structure. A vehicle equipped with the battery can be recharged to 80% of its capacity within only 8 minutes and a 10-minute charging can offer a range of 200 to 300km.
If the data proves to be true, the charging time will be comparable to the refueling time of a traditional oil-fuel car.
According to GAC’s claim, the technology has been proved useful at scale of battery cell, modules and complete vehicles. It will be introduced to GAC Aion's product lineup.
SVOLT's “jelly battery”
SVOLT, an EV battery manufacturer carved out of Great Wall Motor (GWM), launched the “jelly battery” at the 2020 Battery Day held on Dec. 2, attempting to improve the battery quality through innovating in cathode and electrolyte material.
Jelly battery; photo credit: SVOLT
The battery was named “jelly” as it adopts a jelly-shaped electrolyte. According to SVOLT, this is a new lithium-ion battery that boasts high conductivity, self-healing and inflaming retarding capabilities. Thus, the heat diffusion can be prevented while the battery performance won’t be whittled down.
The "jelly battery" has a conductivity of 6*10⁻³s/cm, a heat-resistant temperature increased to 150°C, and self-healing function. In a nail penetration test, it can realize "no fire, no smoke".
The “jelly battery” is part of the “Cold Bee” solution announced at the same time. The solution still contains a thermal barrier battery pack and an EV monitoring platform dubbed “Bee Cloud”.
Based on the cell of the “jelly battery”, the developer adopts such methods as pressure relief, eruption control, cooling, alarm and heat insulation to protect the battery pack, so as to prevent the risk of thermal runaway. That is how the thermal barrier battery pack works.
Moreover, SVOLT develops the “Bee Cloud” platform which has monitored over 90,000 EVs and analyzed more than 1.6 billion data.
Gasgoo not only offers timely news and profound insight about China auto industry, but also help with business connection and expansion for suppliers and purchasers via multiple channels and methods. Buyer service:email@example.comSeller Service:firstname.lastname@example.org


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Treat mom to elegant entrees and boozy beverages on May 10.
Grab a free burger to celebrate its debut.
Managing editor Max Weiss previews the May issue of Baltimore magazine.
Dogma owner Virginia Byrnes takes culinary cues from her pups.
The Eastern Shore distillery introduces white and gold Picaroon Maryland Rums.
A local food blogger hits a sweet note.
Falafel comes to Owings Mills.
We talk to the author of The Joy of Ballpark Food about the grub at Camden Yards.
Chef Andrew Weinzirl's first full menu at the restaurant is set to launch tonight
The brewery was born thanks to Skype and the Appalachian Trail.
Feast on farm-to-fork fare for a great cause.
Don’t miss these five favorite vendors at the two-day foodie festival.
A cocktail competition benefits Share Our Strength's No Kid Hungry Campaign.
We bring you up to speed on all of the recent foodie news.
Hampden's Café Cito joins the micro-sized restaurant scene.
Get ready to drink in spring with this seasonal event.
The Top Chef runner-up creates a book of user-friendly recipes for the whole family.
Bookmakers’ drinks pair with the fare.
The weekly fête is back for its 38th run.
Lane Harlan discusses a recent trip to Oaxaca and more details about new mezcal bar.
We round up the best places to celebrate the O's season opener, both inside and outside of Camden Yards.
The Baltimore deli is still going strong on Lombard Street.
Online ordering/delivery service brings city food scene to you.
Community raises more than $10,000 after restaurant and apartment fire.
What's the fanciest meal you've ever had?
Be on the lookout for some new restaurants, and visit some old favorites before they close for good.
Basque-inspired bites will be the highlight of the menu.

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The International Air Transport Association (IATA) and the International Post Corporation (IPC) have announced the signing a Memorandum of Understanding (MoU) to reinforce cooperation between the two organizations. The aim for both IATA and IPC is to promote the development and expansion of safe, secure, accessible and high-quality airmail and air cargo services to help their respective members provide quality solutions aligned to consumer needs.
“International e-commerce is growing at around 20% per year, leading to rapidly changing market conditions for airlines and posts. Ensuring customers get their packages on time while safety and security in postal air transport is maintained is the main priority for posts and air transport operators alike. Cooperation across the supply chain is a must and our MoU with IPC is an important step toward strengthening our activity in this area,” said IATA’s Director General and CEO, Alexandre de Juniac.
“For more than 10 years, the cooperation between airlines and postal operators has enhanced processes and increased visibility of airmail transport. With this agreement, we want to further strengthen our ties and identify further opportunities for cooperation and joint developments. Both of our sectors can win from a reinforced cooperation in terms of competitiveness and quality of service. Ultimately, this agreement will benefit consumers through more reliable and faster delivery of cross-border mail and packets transported by air,” said Holger Winklbauer, CEO of IPC.
อัพเดตข่าวสารและบทความที่น่าสนใจในอุตสาหกรรมโลจิสติกส์ก่อนใคร ผ่าน Line Official Account @Airfreight Logistics เพียงเพิ่มเราเป็นเพื่อน @Airfreight Logistics หรือคลิกที่นี่


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EUROPE: EU gives Hilfiger acquisition green light
The European Commission has issued its approval of Tommy Hilfiger 's agreement to be acquired by funds advised by Apax Partners.
This follows the previously announced termination of the waiting period under the US Hart-Scott-Rodino Antitrust Improvements Act of 1976.
Tommy Hilfiger, whose brands include Tommy Hilfiger and Karl Lagerfeld, announced in December 2005 that it was to be sold to private-equity investment group Apax Partners for $1.6bn or US$16.80 per share in cash
Subject to shareholder approval and other previously disclosed conditions, the company expects that this transaction will be completed in April 2006.
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Luxury goods company Tommy Hilfiger Corporation is axing about 135 US employees to cut costs within its US wholesale business....
Wal-Mart Stores is reportedly mulling a bid to acquire Tommy Hilfiger Corp....
Hong Kong-based fashion company Tommy Hilfiger Corp is preparing to auction itself off, according to sources cited by The Wall Street Journal....
Tommy Hilfiger Europe BV, a subsidiary of luxury goods group Tommy Hilfiger Corporation, has announced the opening of its new office, showroom and retail store complex at the Piazza Oberdan in Milan....
Luxury goods giant Tommy Hilfiger Corporation has reported decreases in preliminary pre-tax full-year income and revenue, and warned that 2006 revenue will fall below previous predictions as orders on...
Upmarket brand Tommy Hilfiger Corporation says its wholly owned subsidiary Tommy Hilfiger USA Inc has closed the sale of its building at 485 Fifth Avenue in New York City....
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We know more about Technical Gadgets.
Google and Microsoft are arguing now for more than a decade. Yesterday an issue was pointed out by AllThingsD that the Windows Phone lacks an app for YouTube.
Yesterday Dave Heiner, the deputy General Counsel and VP of Microsoft posted on the public policy blog of Microsoft complaining that YouTube is not supporting its mobile platform which will affect the users. Microsoft is trying since a long time to build a proper app of YouTube and has managed to develop its own app for Windows Phone devices. The news is that YouTube is not allowing Microsoft to make the same features as available to Android and iOS.Microsoft is working in collaboration with a number of developers to take their apps to Xbox live. Microsoft has also developed apps for social networking sites like Facebook and Twitter to bring them on Windows Phone. But as mentioned on the blog post, Google is not allowing Microsoft to do that.Whatever the reason might be but Microsoft thinks that Google does not want the similar app to be available for Windows Phone.
According to Heiner, Microsoft is in contact with YouTube personnel since the last two years to resolve this problem for the users. He further said that, you might think that YouTube would like to offer the same great YouTube experience to Windows Phone users as it offers to other devices but last month we found out from YouTube that Google is stopping them to make this first class experience of YouTube available to Windows Phone users.
Meanwhile, Google said that YouTube can be accessed by Windows Phone users through mobile web. A spokesperson wrote to AllThingsD that the Windows Phone users can easily view the YouTube videos and they can access all features of YouTube via mobile website based on HTML5. The users can find favorite videos, search video categories and view video ratings.
No related posts.


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In an effort to curb inflation of particular kinds of grain and animal feed on the Slovak market from a bad crop and illegal exports both this year and last, the government approved temporary duty-free imports of these commodities that will last until June 30, 1997. The expected increase in grain prices is pegged at 16-19 percent this year, which will translate into a 10-12 percent increase in food prices. The government will also release 600 million Sk to compensate for high priced grain imports next year, and has given the Ministry of Finance power to impose grain price regulations. The Ministry of Agriculture will insure that companies that were part of illegal grain exports last year will not be allowed to engage in the coming grain imports.
6. Nov 1996 at 0:00 | From press reports of TASR and SITA


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Future Models - Honda 2017 Clarity
New York show: Honda creates Clarity series
Committed: Petrol in the US costs less per litre than bottled water, but that is not stopping Honda from expanding its electrified vehicle line-up in a bid to achieve its ambitious global sales targets.
Australia unmoved as Honda US unveils plug-in, full-EV versions of Clarity eco car
Click to see larger images
13 April 2017
HONDA’S niche Clarity hydrogen fuel-cell vehicle has expanded into a “three-
in-one” series with the unveiling overnight of higher-volume petrol-electric
plug-in hybrid and battery-only variants, however its Australian subsidiary has
no plans to introduce them here.
A pioneer of electrified cars in Australia, Honda not so long back boasted a
broad line-up of hybrids including Jazz, Civic, Accord, Insight and CR-Z, but,
apart from the $420,000 NSX supercar, no longer sells electric-boosted models
in this market.
This remains at odds with the strategy of both its Japanese parent and American
affiliate, which presented the two new variants of the Clarity mid-size sedan
at the New York auto show this week as the latest step in achieving Honda’s
ambitious target of two-thirds of its global automobile sales coming from
electrified vehicles by 2030.
The fuel-cell version, around 100 of which are on the road in the United
States, is still strictly a limited-volume proposition given the costs involved
and lack of supporting infrastructure.
However, the Clarity series – as it is now known – is expected to contribute to
an anticipated five-fold increase in Honda’s US sales of electrified vehicles
over the next four years, with American Honda Motor Co targeting 75,000 Clarity
sales over the first four model years.
Honda Australia group manager of public relations Neil McDonald told GoAuto
today that the local subsidiary was concentrating on internal combustion
engines “for the foreseeable future”, citing low customer take-up of hybrids
and electric vehicles, range anxiety and lack of infrastructure and government
incentives as the reasons behind its stance.
“That said, Clarity is a technological tour-de-force and provides strong green
credentials but it would need a very persuasive business case to be sold here,”
In revealing the new variants at the New York show, American Honda automobile
division senior vice-president Jeff Conrad told journalists: “The Clarity
series is the first of its kind, the very first car in the industry to offer
fuel cell, battery electric and plug-in hybrid powertrains on a single vehicle
“This three-in-one approach, as we call it, is aimed at accelerating the
deployment of advanced electrified powertrain technology.
“In doing so, we’re bringing electrified vehicles further into the mainstream
by providing choices that meet the diverse needs of customers interested in
advanced technology vehicles.
“The Clarity series also heralds the advance of our ‘Honda electrification
initiative’ representing our investment in the full spectrum of electric
More new hybrids are on their way, in light-commercial vehicles as well as more
passenger car lines, and Mr Conrad said Honda America would continue to bring
them to market to help the company advance toward its global target – even if
current levels of consumer demand in the US did not necessarily warrant it.
“This is a challenging target, especially here in our market where gas costs
less than bottled water,” he said.
“Nonetheless, we believe it's critically important that we continue to make
rapid progress in the deployment of next-generation vehicles and make these
products the kind of vehicles that our customers want to drive.
“That’s the foundation on which we have built this new Clarity series, to
provide customers a choice of electric powertrains to best meet their needs and
to make electrified vehicles a true volume pillar for Honda.”
Reaching US showrooms later this year in two trim levels (standard and
Touring), the Clarity Plug-in Hybrid uses a 1.5-litre Atkinson-cycle
four-cylinder engine – output figures for which have not been provided – that
combines with a 135kW/315Nm electric motor and 17kWh battery pack.
Honda claims the model has an all-electric driving range of 67.5km – billed as
the longest of any mid-size plug-in hybrid on the market – while the overall
driving range is rated in excess of 530km. Recharging time for the battery pack
is listed at two-and-a-half hours using a 240-volt socket.
It has three selectable driving modes – Normal, Econ and Sport – while a fourth
mode, HV, can be selected in conjunction with the other three “to maintain the
battery’s state of charge”.
The Clarity Electric, meanwhile, is powered by a 120kW/300Nm electric motor,
drawing power from a 25.5kWh battery pack and delivering an estimated driving
range of 130km.
Honda says the vehicle – which will also launch later this year, though
starting with a lease program in California and Oregon – can be fully charged
in just over three hours on 240V, with an 80 per cent charge possible in 30
minutes using a DC fast-charge point.
It also uses the same three basic driving modes as the plug-in variant (Normal,
Styling-wise, the new Clarity variants are described as the “next progression”
of Honda’s design ethos for electrified vehicles, with a ‘hero’ colour, unique
frontal styling, different headlights and tail-lights, and its own 18-inch
alloy wheel design.
All three Clarity models have a high standard specification, including a broad
range of driver-assist technologies such as autonomous emergency braking, road
departure mitigation, adaptive cruise control (with a low-speed follow system)
and lane-keeping assist.
Pricing is still to be announced, but American Honda’s Connected and
Environmental Business Development Office vice-president Steve Center said in
New York that both the plug-in hybrid and electric models would start from
about $US35,000 ($A46,130).
The Americans see the longer-range hybrid as holding the greatest sales volume
potential, and hence will offer it in all 50 states across the country.


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Ambassadors from the 27 EU member states have unanimously approved the EU-UK post-Brexit trade deal, paving the way for it to take effect.
The deal is likely to become law on 1 January, as the UK Parliament is expected to approve it on Wednesday.
Under EU rules it can take effect provisionally, though the European Parliament will vote on it in January.
The deal sets the framework for trade once the UK leaves the EU single market and customs union in four days’ time.
The deal, which ended nine months of negotiations, will be approved by all 27 EU governments in writing at 15:00 (14:00 GMT) on Tuesday, the German EU presidency said.
They have had three days to analyse the details of the EU-UK Trade and Co-operation Agreement, since its publication. But most of the 1,246-page document had already been seen by member states in previous weeks.
The deal ends nearly 50 years of UK membership of the bloc, covering a vast array of policies besides those governing common trade rules.


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Iraqi industry awaits a “rescue operation”
The first 03/04/2024
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Baghdad: Haider Al-Jaber
Many may not be surprised if they learn that most of the Iraqi government factories are “losing”, with the exception of only two factories, but they will be surprised if they learn that the Iraqi employee (in those factories) costs the state many times his salary, which means that the loss is double, which leads to Thinking about a radical solution may be accompanied by pain.
The Ministry of Industry is moving towards activating and revitalizing government factories through partnership with the Iraqi and foreign private sectors, thus taking these factories to a higher level.
Ministry spokesman, Duha Muhammad Saleh, told Al-Sabah: “The number of factories affiliated with the Ministry of Industry is 295, of which (101) have been stopped. A committee has been formed to study the reality of these stopped factories.”
She added, "Most of the factories are old and their lifespan has ended, so what can be rehabilitated and opened, such as (Babylon Tires) and cement factories, have been rehabilitated. As for those that cannot be rehabilitated, we have gone into partnership with the local and foreign private sector," indicating that "many investment opportunities have been presented." During the Baghdad and Basra conferences, which were attended by the Prime Minister. She continued, "Many investment opportunities have been presented for a number of important industries such as phosphate, fertilizers, cement, petrochemicals, mining, and others. We have received offers from specialized international companies, and sulfur projects have been referred to partnerships with the private sector, while phosphate offers submitted by specialized companies are being studied." She explained, "Our plan is to move towards partnership with the private sector to produce new factories and modern lines with advanced technology," explaining that "the winning factories are (the Fertilizer Company in Basra) and (the Cement Company) only."
For his part, economic expert Adham Al-Fakhar called for liquidating the assets of public companies and turning to the private sector in industry.
Al-Fakhar told Al-Sabah: “The global economy does not mean a government economy, but rather a private sector economy, and projects that are feasible must be approved.” He warned that “the survival of public companies means the survival of the oil economy, while we want to build a correct, productive economy, which means heading towards finding an alternative to oil,” warning that “with the presence of public companies we will not find an alternative to oil, and the solution is to return the assets of public companies to (State real estate) because it is not owned by those companies.” Al-Fakhar added, “The machines and the brand are sold, even if they are profitable, while the government takes care of solving the employees’ problem, because they cost the budget double their salaries.” He continued, "The assets of public companies must be liquidated and we must move to a market economy, where responsibility for the industry is transferred to the private sector," stressing that "this means encouraging competition by supporting the market, protecting the product, and following an export policy." He concluded by saying: "It is wrong for the state to interfere in major industries."
Edited by: Muhammad Al-Ansari
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On the heels of General Motors' huge IPO last week, the company today announced a $163.2 million investment in its Flint and Bay City, Mich., and Defiance, Ohio, plants.
The multimillion-dollar investment will be used in part to support engine production for the Chevrolet, the Chevrolet , and a new Chevrolet small car to be built in the United States. The investment will protect 184 jobs at the three sites, GM said in a press release.
Flint Engine Operations manufactures the Ecotec 1.4-liter engine, used in the Chevrolet Cruze, and a 1.4L variant, used in the Chevrolet Volt. The plant is expected to start production of 400 engines a day in early 2011 and ramp up to 800 engines a day in late 2011. The newest investment will increase the plant's capacity to 1,200 engines a day in late 2012, according to GM.
Bay City will increase connecting rod and camshaft production, and Defiance will boost output of engine block and crankshaft castings.
"This investment is essential in ensuring we can meet the expected high demand for the Chevrolet Volt, Chevrolet Cruze, and a small car that will be produced at our Orion Township facility," said Kathleen Dilworth, Flint Engine Operations plant manager. "These three facilities will continue to play a key role in GM's resurgence and efforts to bring to market vehicles with segment-leading fuel economy."


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This Unity SDK allows applications to pair with a new generation of Bose wearables and headphones including; Bose Frames, sensor data for accelerometer, gyroscope and more. It enables you with the ability to create new experiences for users based on interactions for head movement and orientation.
The open-source, Internet of Things (IoT) platform FI-WARE wants to become the core infrastructure that will empower our connected future. FI-WARE promises to support smart city infrastructure, enable intelligent factories and precision agriculture, and help entrepreneurs to carve out viable market share in a connected, IoT-enabled world. ProgrammableWeb spoke with the Chief Architect of FI-WARE, Juanjo Jose Hierro, about the progress of the open-source platform and how it will create a space at the table for innovators and businesses of all sizes.
Six APIs have been added to the ProgrammableWeb directory categories including Software-as-a-Service, Weather, Photos, and Tasks. Also new to the directory are SDKs for Shapeways 3D printing service and mnubo IoT predictive analytics. Here's a rundown of the latest additions.


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Egyptian imports of cars have achieved a significant decline in the recent period, according to government data, as Egyptian imports of passenger cars recorded about 75 million and 238 thousand dollars last June, down from 316 million and 575 thousand dollars in June 2021, a decline of 241 One million and 337 thousand dollars.
Foreign trade data issued by the Central Agency for Public Mobilization and Statistics indicate that car imports came among the list of Egypt’s most important imports of consumer durables during that period, with a total value of about 196 million and 712 thousand dollars last June, compared to 682 million and 494 thousand dollars. dollars in the same month in 2021, a decrease of about 485 million and 782 thousand dollars.
Referring to the data for the first months of this year, the Egyptian imports of cars declined to about 85 million dollars last May, while they were 303.9 million dollars in May 2021, a decline of 218 million dollars and a decline rate of 72%.And last February, the total value of Egypt’s imports of passenger cars amounted to about 210 million and 991 thousand dollars, compared to 345 million and 141 thousand dollars in February 2021, a decline of about 134 million and 150 thousand dollars, while the Egyptian imports recorded last March of cars. Tractors, bicycles and their parts amounted to about 26 million and 50 thousand dollars last March, compared to 46 million and 378 thousand dollars in March of 2021, a decrease of 20 million and 328 thousand dollars.


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Tadashi Yanai (AP)
While many Americans may not be familiar with the wealthiest man in Japan, billionaire Tadashi Yanai, they likely know the colorful clothing brand Uniqlo, which has aggressively expanded into the US in its quest to take on H&M and other fast-fashion chains.
Yanai is the CEO of Fast Retailing, which owns Uniqlo (along with J Brand, Theory, and others). And on Friday, Yanai lost an eye-popping $1.4 billion in paper wealth.
The reason? Uniqlo reported that its same-store sales declined 5% in December. That report led shares of Fast Retailing (FRCOY) to drop nearly 7% in one day. Uniqlo makes up about 80% of Fast Retailing’s revenue, and Yanai’s wealth comes from his stock holdings in Fast Retailing.
As a result of Fast Retailing’s stock drop, Yanai slipped six slots on the Bloomberg Billionaires Index to No. 44 in the world, with an estimated $17.7 billion. It is the biggest fall for any billionaire on the list so far in 2017.


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According to the latest data from the U.S. Census Bureau, the retail category is improving.
A monthly report released Tuesday showed that U.S. retail and food services sales for June 2023 were $689.5 billion, up 0.2% from the previous month and up 1.5% year-over-year. Additionally, total sales from April 2023 through June 2023 were up 1.6% from the same period a year ago. It is the third consecutive month of growth, indicating resilience for American consumers, despite high-interest rates and economic uncertainty. However, the top-line growth missed economists’ 0.5% expected growth due in part to lower-than-anticipated auto sales.
Health and personal care store sales increased 0.1% month-over-month seasonally adjusted and 6.6% unadjusted year-over-year. Clothing and accessories store sales increased 0.6% month-over-month seasonally adjusted and 1.3% unadjusted year-over-year. Areas of retail that declined included building materials, garden supplies, sporting goods, and grocery and beverage.
“I see this [report] as positive news. Unemployment remains low, the stock market is up and inflation is cooling. All these things give the consumer confidence to spend,” said Naveen Jaggi, president of Retail Advisory Services, JLL. “We no longer talk of a landing, hard or soft, but we [instead] talk about sector recessions. There are no signs of contraction in GDP or on consumer spending, which is a positive sign for the broader economy and is reflected in the overall equities markets being up across the board.”
A noteworthy inclusion in the report was a 1.9% month-over-month sales increase in non-store retailers, representing Amazon and other online retailers. It will be worth keeping an eye on next month’s report, for July, which will include last week’s record-setting Prime Day sales. Amazon said in a press release that the first day of Prime Day, July 11, was the single largest sales day in company history. Prime members purchased more than 375 million items worldwide during the two-day shopping event.
With the Federal Reserve raising federal fund interest rates 10 times since March 2022 to a range of 5-5.25%, the economic question has been whether the U.S. economy would veer into a recession or have a softer landing, where growth slows but a recession is avoided. Goldman Sachs on Monday lowered its odds of a recession in the next 12 months to 20%, down from its previous 25%. The Wall Street firm has been among the most bullish on the chances that the economy can achieve a “soft landing.”
“June retail sales confirm that while the economy may be cooling, consumers remain on solid footing and are spending on household priorities,” said Matthew Shay, president and CEO of the National Retail Federation. “Back-to-class spending is one of the most important shopping occasions of the year, and NRF’s consumer research shows that back-to-school and college spending is expected to set new records.”


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By Helen Crane2018-07-17T15:55:00
Hana Financial Investments has acquired the Gallagher Shopping Park in the West Midlands from KKR and Quadrant Estates for £175m – the largest single-asset sale in the UK retail warehouse market this year.
The Korean investor acquired the park, which is located on junction 9 of the M6 in Wednesbury, via a real estate fund managed by Korea Asset Investment Management (KAIM).
The vendors said it is the first time that Korean investors had entered the UK retail sector.
The park was acquired by KKR’s Real Estate Opportunity Fund and operating partner Quadrant Estates in 2014 by piecing together three separate ownerships at a cost of around £123m.
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Sagada orange brand misuse alarming
BY DEXTER A. SEE
The Manila Times
S AGADA, Mountain Province: The municipal government condemned the unscrupulous practice of some businessmen who brand oranges coming from other parts of the country as “Sagada orange”. Mayor Felicito Dula said the mislabeling is uncalled for because traders are deceiving the buyers, especially tourists, into believing that their products truly came from Sagada. He claimed that the mislabeled Sagada oranges look totally different from those that are produced in the municipality where its harvest season is from October to March every year. The local chief executive disclosed that there are actually six varieties of oranges that are produced in the municipality — Ponkan Mandarin, Satsuma Mandarin, Valencia Orange, Hamlin Orange, Washington Navel Orange and Clementine Tangerine. The variety that Dula showed to the media is Satsuma Mandarin, which thrives best in the locality and is one of the most popularly produced orange varieties in the locality. The mayor expressed hope that by showing the various orange varieties to the public, people will learn to decipher the real Sagada orange from those that are being sold in the various markets around the country. He advised people to scrutinize the oranges that they are buying from traders to ensure they are purchasing the real Sagada orange, which will are available from October to early March every year. The mayor noted that tourists or even ordinary buyers deserve to know the genuine products that they are buying. He noted that this unscrupulous mislabeling will backfire in the future and customers may not patronize the real Sagada oranges. Sagada is one of the major tourist destinations in Northern Luzon being frequented by foreign and domestic tourists because of its natural attractions like caves, waterfalls and rice terraces that entice people to make the mystical town a mustsee destination. He urged tourists and buyers to be circumspect in buying local products. He also called on concerned local government units and offices to also help monitor the authenticity of the product labeling of goods sold in their respective areas of jurisdiction to ensure that tourists and even ordinary buyers will not be shortchanged. The mayor suggested that a massive crackdown on unscrupulous traders should be done to teach them a lesson not to mislabel their products.


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Cautious comments during a call with Wall Street analysts dashed hopes that continued demand for cloud services will offset the downturn in the PC market and help the world’s largest software company cope with widespread pressure in the IT market.
Microsoft warned that revenue growth from Azure, the cloud computing platform that has become one of the main engines of its business, will slow five percentage points this quarter, excluding the impact of currency movements. The 42 per cent growth in the quarter ending September was already one point below analysts’ expectations and four points lower than the previous three months.
Chief executive Satya Nadella blamed the cloud slowdown on efforts by customers to “optimise” their spending to save money as the economic outlook was dark. Microsoft said high energy costs from running its massive cloud data centres were eating into its profit margin, and would add $800 million to its costs this year.
With revenue from software sales for PC makers down more than 30 per cent this quarter, Microsoft forecast revenue at the midpoint between $52.35-$53.36 billion or $3.2 billion below Wall Street’s forecast.
Volish revenue rose 11 per cent to $50.1 billion, slightly ahead of Wall Street’s expectations, while earnings per share of $2.35 were four cents higher than expected.
The figures reflect a sharp decline in sales of Microsoft’s traditional, highly profitable PC software, which has dented its broad profit margins.
Software sales to PC makers declined 15 percent, bringing total revenue from Microsoft’s More personal computing division to $14.3 billion, up three per cent in constant currencies.
Although Microsoft was able to make up for lost PC software sales with a 31 percent increase in revenue from its business cloud operations, the low profitability of the cloud business affected margins. If it weren’t for a change in accounting policy that would have extended the useful life of its data center equipment, reducing depreciation costs, Microsoft said its gross profit margin would have declined three per cent in the quarter.
Revenue from the Intelligent Cloud division, which includes Azure, rose 26 per cent to $20.3 billion in the latest quarter, after isolating the effects of currency moves. Revenue in the Productivity and Business Processes division, which also includes Office, grew 15 percent to $16.5 billion.
Microsoft said the huge jump in the dollar resulted in a $2.3 billion drop in revenue. The latest results were buoyed by the price increase for its Office 365 suite of productivity tools earlier this year as well as the completion of the acquisition of Nuance, which had sales of approximately $350 million in the same period last year.


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Cannabis Cybersecurity Matters in 2021
1## Companies Face Invasive Cyber Attacks
Did you know that cybersecurity attacks have increased 71% since the pandemic started? Many businesses are facing financial setback or – in the case of the cannabis industry – overwhelming surplus in the wake of COVID-19. And cybersecurity has never been a more pressing issue.
Cannabis businesses are processing orders on a massive scale, developing new software and infrastructure to enhance online services. These unprecedented measures demand due diligence paid towards ensuring digital security. Otherwise, cannabis consumer data and businesses across the supply chain will face serious risk.
Phishing Threats Resurface
Cannabis cybersecurity isn’t a new threat. In fact, plenty of professionals have documented how and what kind of cyberattacks impact the industry the most. One infamous method that has resurfaced in the wake of the pandemic is phishing – an old foe of burgeoning cannabis companies.
Phishing involves a user receiving fraudulent emails that ask them for personal account and financial information. Usually the sender is disguised as a peer in the industry or, in some cases, a wealthy investor looking to get involved in cannabis. Any licensed operator that falls for this classic cyber scam could be stripped of their capital and identity, ultimately stonewalling any progress their business could’ve made this year.
The best way to protect your company against phishing is to never open any suspicious message from someone presuming to be an industry professional or investor. Sounds easy right? Not quite! You’d be surprised to learn that nearly half of all successful cyber fraud attacks are through phishing scams. Cannabis accounting and management teams need a refresher on dangers of phishing. It certainly couldn’t hurt. However, phishing is only one part of a very complex problem.
Massive Vulnerable Digital Technology
When COVID-19 first struck and cannabis storefronts across American began to shut their doors for months ahead, retailers were tasked with creating or scaling digital technology to accommodate huge amounts of online orders. In Nevada, new virtual delivery systems were created by dispensary organizations practically overnight for consumers in the state. Yet, the fear over the security of these hastily built solutions still persists.
55% of respondents in a recent survey acknowledged the difficulty of developing new online technologies for scalability. 49% felt intimated by how spontaneous demand doesn’t ensure total security. If cannabis technology for high quantities consumer and business data were being hastily developed overnight – wouldn’t any entrepreneur using it feel a bit nervous? The claim doesn’t sound misplaced.
Similar to the protecting your business against phishing attacks, using new technologies for scale requires education. Knowing where consumer information is stored and how it can be infiltrated enables any cannabis business to fortify its protections. In unprecedented times like these, healthy skepticism enables better cyber safety, especially for operators using recently developed technology.
Prioritizing Cannabis Cybersecurity
Cannabis consumer data and valuable business information are on the line in 2021. Cyber-attacks are resurfacing at an all-time high and the cannabis industry needs to keep ahead of the hackers. While increases in cyber fraud probably come as no surprise, the developments in massive online cannabis service technology need to be evaluated for robust security. The cannabis industry needs to keep staying educated and constantly ensure its digital backend; or else COVID-19 won’t be the only thing to radically change this sector.


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While few of us are full-blown vegans or vegetarians, more than 1 in 3 people identify as “flexitarian,” according to a recent report from market research firm Packaged Facts.
“As the name implies, the flexitarian diet is essentially a flexible vegetarian diet,” says Charlotte Martin, RD, a plant-centric registered dietitian and author of “The Plant-Forward Solution.”
Flexitarianism is on the rise, but could it help you get healthier or lose weight? We asked plant-forward registered dietitians to break down everything you need to know about this eating plan before you give it a try. Here are nine things to know:
IT’S NOT STRICT
“Flexitarianism is a great option for people who are tired of all of the rules of dieting, and just want to adopt an eating pattern that promotes their health while giving them freedom with their food choices,” says Catherine Johnston, RD, a plant-based registered dietitian who practices flexitarianism.
The goal of a flexitarian lifestyle is not to cut out meat and animal products entirely but to gradually reduce them by eating more fruits, vegetables and plant-based proteins like beans, legumes, tofu, quinoa and nuts.
You also want to limit your intake of fish and anything with added sugar or refined carbs (Think: Packaged snacks and junk food), per the Cleveland Clinic.
MORE RESEARCH IS NEEDED
What counts as “flexitarian” can vary quite a bit from person to person, and the majority of studies on the potential health benefits of a plant-based diet have been on people who are strictly vegan or vegetarian. But since it’s meant to be primarily plant-based, experts believe it may yield similar results, says Martin.
IT COULD HELP YOU LOSE WEIGHT
Research shows people who follow a vegetarian or vegan diet tend to weigh less and have a lower body mass index (BMI) than those who don’t. And the more plant-based your diet is, the more likely you are to slim down, according to a 2017 review of weight-loss trials. You can thank the low-calorie, high-fiber nature of most plant-based foods for that, says Martin, which feed good gut bacteria to support a healthy metabolism and fill you up without filling you out.
IT MAY LOWER YOUR RISK OF DIABETES
A few studies also show people who follow vegetarian and semi-vegetarian diets are less likely to develop diabetes compared to non-vegetarians. “It makes intuitive sense since plant-based foods are higher in fiber, which is known to help improve blood sugar levels,” says Martin. “Plus, being at a healthy weight can lower your risk of Type 2 diabetes.”
IT COULD HELP PROTECT YOUR HEART
A plant-based diet is associated with lower blood pressure and cholesterol levels plus a 40% lower risk of heart disease, says Martin. This is likely thanks to health-protective antioxidants, fiber and a shift away from unhealthy saturated fats found in red meats to healthier unsaturated fats like those found in olive oil, avocados and nuts.
EATING LESS MEAT MIGHT BE A CHALLENGE
“Although the flexitarian diet is much easier to follow than more restrictive plant-based diets like full vegetarian and vegan diets, reducing meat intake in any capacity may be difficult for some, especially those following a high-protein diet like athletes and bodybuilders,” says Martin. However, you can hit your muscle-building goals with high-protein vegetarian meals and a food logging app like MyFitnessPal.
YOU MAY NEED TO PLAN AHEAD
Drastically cutting back on meat could lead to nutritional deficiencies since animal products are some of the best sources for a handful of nutrients like vitamin B12, iron, calcium, zinc and omega-3 fatty acids, says Martin. But that’s where the flexible side of flexitarianism comes in handy. Along with eating meat, seafood and poultry from time to time, you can meet your needs by tracking your micronutrient intake and upping plant-based sources of key nutrients like leafy greens for calcium plus nuts and legumes for zinc. If necessary, you could also add supplements to your diet with the guidance of a healthcare provider.
“Beans, legumes, whole grains and vegetables are much more affordable than meat, which can be beneficial for your grocery budget,” says Johnston. Case in point: A vegetarian diet could save you $750 a year, according to a 2015 study published in the Journal of Hunger & Environmental Nutrition. Swapping beef for black beans or chickpea stew for chicken curry every once in a while could create room in your budget for other things like new kitchen tools or a dinner out.
IT’S NOT A MAGIC BULLET
Plenty of not-so-healthy foods are technically vegetarian including high-calorie cookies and cakes as well as high-salt frozen dinners and fake meats. “As you eat less meat and animal products, try to replace these foods with minimally processed and whole foods as much as possible,” says Johnston. While the flexitarian diet is meant to be flexible, the healthier options you choose, the greater the payoff.
THE BOTTOM LINE
“Flexitarian or plant-forward eating is a best-of-both-worlds eating approach: You get the health benefits of increased plant intake plus you can still enjoy a burger here and there without the guilt,” says Martin. To make the flexitarian lifestyle work for you, start slow and look for places in your usual diet where you could easily make changes like oatmeal for breakfast, a roasted veggie sandwich for lunch, or a bean-based chili for dinner. Aim to test out 1–2 new plant-forward recipes a week (Think: Meatless Monday) and work your way up from there.
Ready to take the next step? Unlock MyFitnessPal Premium to access custom goal settings, quick-log recipes, and guided plans from a registered dietitian. Premium users are 65% more likely to reach their weight loss goals!


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The travel company is aiming to bring world-renowned festive experiences into your living room
Starting this week, Airbnb will be expanding on its collection of Online Experiences—a inventive initiative the brand launched earlier this year in response to the travel bans across the globe due to COVID-19.
The new lineup of Online Experiences will “satisfy travellers’ wanderlust this summer season” while bringing “transformative virtual Experiences to thousands of guests” thanks to collaborations with the Olympics, Paralympics, notable Broadway Shows, IGLTA for Pride Week and more—all of which will be hosted right on the Airbnb platform.
See also: Private Retreats In Malaysia For A Post-Quarantine Staycation
“Through Online Experiences, guests can unlock unprecedented access to inspiring hosts across the world, connect with new people, and travel virtually, all from the comfort of their own living room.” the brand said in a press release on its website.
The new, revamped Online Experiences will give guests a never-before-seen-look into some of the world’s most exciting summer events while combating a summertime wanderlust that will likely be felt globally.
For example, while the 2020 Summer Olympics may have been moved to next year in response to the pandemic, Airbnb guests will still have the chance to learn from world-renowned Olympians and Paralympians through the Celebrate the Olympic Spirit with All-Star Athletes experience taking place online next month.
The travel platform will also bring “the magic of world-renowned musicals” into homes across the globe with its Broadway Musicals From Home. The virtual Broadway event will give guests a behind-the-scenes look at what goes into a Broadway musical—from intimate improv classes to interactive live performances.
Airbnb has also confirmed that their in-person Experiences will begin to resume in countries where it is safe to do so based on guidance from health experts and local governments starting as soon as this week.
See also: These Luxury Hotels & Resorts Are Welcoming Guests Again From June 2020 Onwards


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Halloween affairs in some communities are alteration this year due to the COVID-19 pandemic, but there will still be affluence of decorations and costumes.
According to the National Retail Federation’s anniversary survey, added than 148 actor U.S. adults plan to participate in Halloween-related activities. Added than three-quarters say the virus is impacting their anniversary plans, with all-embracing accord bottomward to 58%. Among them, 18% say they will dress up their pet.
According to the survey, the best accepted apparel for pets this year are:
More than 2.7 actor accouchement plan to dress as their admired angel character, added than 1.8 actor as Spider-Man, and 1.3 actor will dress as Batman.
For adults, the analysis begin witch apparel are the best popular, followed by vampire and cat costumes.
READ THE FULL STORY:Pumpkin, hot dog apparel are the best accepted for pets this Halloween
CHECK OUT WMTW:Stay abreast with the latest Portland account and acclimate from the aggregation at WMTW. Browse the newest Portland, Maine, account belief and break in the know.
Ten Taboos About Adult Pumpkin Halloween Costumes You Should Never Share On Twitter | adult pumpkin halloween costumes – adult pumpkin halloween costumes
| Allowed to be able to the website, on this period I’m going to provide you with concerning keyword. Now, this can be the primary image:


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There's a Secret Cigar Shop Hidden in One of Havana's Most Famous Hotels
More Americans may be traveling to Cuba to discover all its charms, but that doesn’t mean the island has given up all its secrets.
Take, for example, the hidden cigar shop found inside what is arguably the most famous hotel in Cuba, the Hotel Nacional. According to the Cuba Journal, the 85-year-old hotel, which also boasts some of Cuba’s finest food, has one of the country’s best cigar shops tucked away inside its basement.
The entrance to the cigar shop is incredibly well-disguised, past a hotel boutique at the end of a long hallway. Once inside, visitors lucky enough to find the hidden gem will be greeted by a local cigar roller. Down the stairs, visitors can also spot a walk-in humidor housing an impressive collection of local cigars stacked on top of each other. Though visitors will likely go for the cigars, they can also stay for the reportedly excellent coffee and ultra-comfortable leather chairs strewn about.
Even if you don’t enjoy lighting up a good cigar while relaxing in a comfy leather chair, the Nacional is still worth a visit. The hotel, which is located in middle of Vedado in the heart of Havana and boasts more than 450 rooms, was declared a National Monument and is even inscribed in the World Memory Register with UNESCO.
It has also hosted the likes of British Prime Minister Winston Churchill, performers Frank Sinatra, Ava Gardner, Johnny Weismuller, Maria Félix, and Jorge Negrete, and scientist Alexander Flemming, making it the perfect spot to stop and create the perfect Havana memory.


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ICELAND is giving millions of NHS staff, emergency services workers and members of the Armed Forces a 20 per cent discount off their food shop.
The offer will run for eight days, from October 14 to October 21, and there’s no minimum spend required.
You will not be able to get the discount online.
To get the discount, all shoppers have to do is show their official ID or a Blue Light Card at the checkout.
This includes all those working for the NHS, police, fire service, ambulance, HM Coastguard, RNLI and anyone in the Armed Forces.
Iceland has confirmed the discount is available in all its stores.
There’s more than 900 Iceland shops in the UK and you can find your nearest one by clicking here.


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FOX News: Business
FOXBusiness.com - Breaking news and video. Latest Current News: News, Investing, Technology, Personal Finance, Business Leaders, Travel, On Air, Small Business.
Updated: 16 min 24 sec ago
Monday’s earnings to watch are Haliburton, Hasbro and Kimberly-Clark.
Fiat Chrysler Automobiles has announced the sale of its auto components division to Japanese automotive component supplier Calsoni Kansei Corporation in a deal valued at 6.2 billion euros ($7 billion).
British Prime Minister Theresa May is urging Parliament to support her as Brexit looms, saying Britain's divorce deal with the European Union is 95 percent complete.
President Donald Trump has demanded that Pentagon create a new military service, a Space Force to assure "American dominance in space."
10 Dow members and 154 companies in the S&P will report this week.
Around 500 Japanese business leaders will accompany Prime Minister Shinzo Abe when he visits Beijing this week, amid an ongoing China-U.S. trade feud that is hurting industries on both sides.
OPEC agreed in June to boost supply to make up for the expected disruption to Iranian exports.
Asian markets were mostly higher Monday as Chinese benchmarks rallied after officials put a positive spin on the country's slowing economy.


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|Brewers Make a Comeback In a State They Once Left
By JOHN HOLL
New Jersey once was home to some of the largest and most respected breweries in the country. With
names like Ballantine, Rheingold and Pabst, among others, brewing was the fourth-largest industry in
Newark, and the seventh-largest in the state, nearly 100 years ago.
Today, things are quite different. With the exception of the Anheuser-Busch plant in Newark, which
produces about seven million barrels of Budweiser and Bud Light per year, all other licensed beer
manufacturers in the state are microbreweries or brewpubs -- each producing fewer than 15,000
''The state is certainly not what it used to be when it comes to beer, which is a terrible and baffling
thing,'' said Paul Gatza, director of the Association of Brewers in Boulder, Colo. ''Given the diversity
of craft beer these days, coupled with the diversity of the New York metro area, the beer industry
should be booming and creating some wonderful beers. But it is not.''
There are, however, those who believe the Garden State's taps will soon flow again with large
quantities of microbrewed beer and ale.
And so the faithful gathered in late June on a grassy field at Waterloo Village in Stanhope to
celebrate all things brew at the seventh annual Garden State Craft Brewers festival.
A showcase of the state's microbreweries and brewpubs, the festival gives ''hopheads'' and ''beer
goddesses'' a chance to taste new beers, discuss fermenting and other processes with brewers,
swap recipes and socialize with people who turn up their noses at the sight of a Bud Light.
''We're a passionate bunch when it comes to beer,'' said Joe Battaglia, 28, a home brewer from
Newark who attended with several friends. ''We're also snobs. Coors, Budweiser, Miller, all those
beers that are mainstream pale in comparison to the rich, creative, better-tasting beers presented
About a dozen of the state's 16 licensed microbreweries and brewpubs were represented at the
festival, and they doled out samples of beer and ale with names like Triumph Jewish Rye, Tun
Tavern IPA Uber, Triumph Coffee and Cream Stout and Gaslight Hopfest to hundreds of thirsty
New Jersey's beer roots go back to the 1800's, according to the New Jersey Historical Society, when
German immigrant brewers set up shop in Newark along the banks of what was then a pristine
Passaic River. By 1910, brewing in the state was a $20 million-plus business, and the brewers and
imbibers were flying high.
During World War I, many of the state's German brewers fled to the Midwest to escape persecution,
said Chad Leinaweaver, director of the library at the New Jersey Historical Society.
The breweries were dealt another blow by Prohibition, and by the 1950's only a handful of breweries
were left in the state. The Rheingold Brewery in Orange closed its doors in 1977, followed by Pabst
in Newark in 1985, leaving Anheuser-Busch as the only operating brewery in New Jersey.
Then, in the 1990's, the microbrewery craze began sweeping the nation, though it was not until 1995
that New Jersey issued its first brewpub license since Prohibition, to the Ship Inn Restaurant and
Brewery in Milford.
''It wasn't easy,'' said Ann Hall, co-owner of the Ship Inn. ''The state was and is well behind other
areas, like Seattle, Vermont and Maryland, when it comes to issuing licenses to breweries.
''At first, there were two types of breweries opening -- those who wanted a quick buck and those who
were serious about the beer,'' she said. ''Today, the brewers in the state that survived are in this for
the long haul. We are serious about beer. We know tradition.''
Ms. Hall and many brewery owners and brewers expressed frustration with what they see as the
strong grip large distributors like Budweiser and Miller have on the state.
''There are quality beers being produced in the state, and many residents don't realize that. They'll
buy Bud Light because it's what they see on television and because it is familiar,'' said Rick Reed,
brewer at the Cricket Hill brewery in Fairfield. ''We're trying to change drinkers' perception to show
them what good beer is, to go back to the roots of quality brewing.''
The best current example of brewery success in New Jersey is the Flying Fish Brewing Company of
Cherry Hill, which produces 8,500 barrels a year.
''If Flying Fish can successfully expand regionally, like Saranac or Brooklyn Beer have, then New
Jersey could be back on the map as a maker of fine beers, lose the stigma and help the other state's
brewers to make a strong push to regain some of the market,'' said Mr. Gatza of the Association of
Gregory J. Zaccardi, president of the High Point Wheat Beer Company, a microbrewery in Butler,
said: ''The future, as I see it, will be a repeat of the past. New Jersey will become a destination for
brewers and serious beer drinkers. It's happening slowly, but it's happening.''
looks at beer


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FORTUNE — In the last year, and with increasing intensity following the early December price spike that briefly put Bitcoin above $1,200, critics have sounded the alarm that the price is a bubble. Some, like Felix Salmon, have recognized the value of the cryptocurrency, but argued that it is simply overvalued, much like pre-2008 real estate.
Others haven’t stopped there, claiming that bitcoin is all bubble, at the center of which is little or no intrinsic value — something closer to a Dutch tulip mania than a real estate bubble. Those making the latter case have included Nobel Laureate Robert Shiller and former Federal Reserve Chairman Alan Greenspan.
It seems reasonable enough to be skeptical of a digital currency unbacked by any state or real-world goods. But bitcoin optimists argue that what “backs” bitcoin is the functionality of its frictionless, low-cost, decentralized payments system. As Circle CEO Jeremy Allaire put it at fact-finding hearings held by the New York Department of Financial Services in January, “The growth in the value of bitcoin is a put option on its adoption as a payments platform.”
An anonymous viral e-mail circulating among bitcoin watchers and partisans lays out a few simple hypothetical usage and adoption scenarios, and their consequences for bitcoin’s price. If Amazon.com (AMZN) adopted bitcoin for all payments, its volume of $38 billion, divided by a supply of (at the time of the email’s writing) about 7 million bitcoin, would make each bitcoin worth $5,400. If $300 billion in international remittance was conducted in bitcoin, that volume alone would push the price to $42,000. Adding these, along with online poker and gas station transactions, would lead to a total transaction volume of $602 billion — and a bitcoin, even at today’s expanded supply of 12 million coins, worth $50,000.
“Those numbers are good ones to start with. In some sense, that’s like a maximum,” says Susan Athey, a professor of economics at the Stanford Graduate School of Business who has been studying bitcoin. Few would realistically argue that bitcoin will service 100% of even these silos in the near term, but the volume/supply ratio is the starting point for understanding bitcoin price — as more consumers or organizations choose to use bitcoin, increased volume will drive the price up.
Building from that basic formula, Athey adds a variety of variables to build an analytic framework. The first is velocity — how frequently a bitcoin can be spent. Because bitcoin, unlike paper money, is very low-friction, there’s the possibility of a very high-velocity bitcoin, if, for example, vendors or traders only held bitcoin very briefly, cashing it in and out to government currencies on either end of transfers. That, Athey says, would allow a small volume of bitcoin to process a large volume of payments, keeping the price of bitcoin relatively low.
Then there are even less predictable and higher-risk variables. Obviously, bitcoin’s future price depends hugely on the adoption rate of the cryptocurrency model. Athey believes that the cryptocurrency model of distributed ledgers is “a really simple, powerful technology that is superior to existing technology,” and there are major drivers that point toward wide adoption.
One fascinating adoption scenario frequently floated among bitcoin adherents is specific to retail. Online retailers’ razor-thin profit margins get a huge boost when they pay a bitcoin processor’s fee of about 1% instead of credit card fees of 2-3%. How long will it be, some ask, before a major retailer offers a discount for those paying in bitcoin, as a way to maximize that increased profit margin? Such a discount could drive significant bitcoin adoption in a very short timeframe.
Still, Athey believes that cryptocurrency also faces challenges that could kill it in its crib, above all from government regulations. “There’s [only] a small number of big countries,” and adverse regulation in just a few of them could render cryptocurrency far less functional in the long term.
It’s just as uncertain whether, even if cryptocurrency becomes part of how we transact, bitcoin will be the only, or even the most adopted. “There’s a big probability that there’s a zero market share for bitcoin” in the future, says Athey, as competing cryptocurrency systems integrate desired features, better functionality, or simply more effective marketing campaigns. The price plunge following recent revelations about “transaction malleability” in the bitcoin code point to the dangers of even perceived systemic flaws. A division in the cryptocurrency market could keep future values of individual systems, including bitcoin, relatively low. (Disclosure: Athey consults with Ripple Labs, creators of a competing cryptocurrency system.)
The outcomes of all of these risks are still very hard to predict, and Athey thinks this explains the current volatility in bitcoin’s price. “There’s no reason to think right now that all reasonable people should agree on the regulatory reaction of various governments. [And] even if everyone was just broadcasting the fundamentals, a lot of information has been coming out about the fundamentals. It’s not surprising that the value should be changing.”
Still, this is much different than the impression from some corners that the price of bitcoin is nothing more than a shared fantasy. While the email pointing to a $50,000 bitcoin is imprecise to say the least, it’s a starting point. A more rigorous mathematical model integrating demand projections with probabilities of certain make-or-break contingencies isn’t just possible — it likely already exists, in various versions, across various investors’ hard drives.
For Susan Athey, though, the question of a specific cryptocurrency’s value seems less exciting than contemplating the broad changes that bitcoin’s innovation will bring to finance. “When you really think about what we do today in the banking system … it’s kind of stunning that that’s the way we do business in 2014. It seems very natural that things will change. It’s only surprising that they haven’t changed already.”


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Amazon is expanding in South California
Amazon is all set to add more than 2,500 new jobs across several sites in South California. Moreover, the company announced that they will offer these job roles within corporate and tech departments.
Three new sites
The retail giant Amazon is offering a wide range of white-collar jobs for their offices in Santa Monica, Irvine and San Diego. The company has announced that they have signed three leases to setup ‘tech hubs’ in three different cities. These three locations combine will encompass an area of 439,000 square feet. Amazon has signed a lease with Seritage Growth Properties and Invesco for a 123,000-square-foot space at University Town Center. This lease will accommodate the expansion in San Diego and they are planning to open this site for employees in early 2023.
More than 2,500 new jobs
The e-commerce giant’s expansion plans in Southern California will pave way for creation of more than 2,500 corporate and tech jobs. According to company’s announcement, more than 700 of these jobs will be in San Diego. Moreover, Amazon will create more than 1,000 jobs in Santa Monica and more than 800 jobs in Irvine. Amazon’s San Diego’s hub is already employing more than 1,000 tech and corporate employees. The Seattle-based company intends to recruit locally for new roles. Moreover, they are planning to hire workers in various areas including retail, operations, gaming and web services. Specific roles include software development engineers, game designers and user experience designers.
The new jobs “include roles building cloud infrastructure, improving the Alexa experience, and designing cutting-edge video games.” Holly Sullivan, Amazon’s vice president of worldwide economic development said in an announcement.
Diminishing e-commerce growth
The demand of online products witnessed a significant surge during the pandemic. To cater the rising demand, Amazon has opened several new sites across different locations in U.S. The three offices are among the latest flurry of sites Amazon has opened over the last two years. However, e-commerce growth has slowed as the pandemic is fading away. Analysts are suggesting that the company should reduce their workforce now. Otherwise, it may spark labor unrest and may lead to unionized efforts. Last week, the company acknowledged that they have hired too many workers. Moreover, they also reported a loss of $3.8 billion during last quarter.
Browse for job opportunities at Amazon
Keep up with the latest employment news across United States


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Boeing restarted production of the troubled 737 Max Wednesday, even though the Federal Aviation Administration has yet to give its approval for the jet to fly again, and as demand for new jets has ground to a near halt along with demand for air travel.
A schematic containing the Samsung Galaxy M01's specs and dimensions has been provided by the folks over at Android Pure.
Google Duo makes video calls pretty easy, but there's still a roadblock or two to getting users going. Now, it appears Google Duo is preparing to solve one of those issues by allowing users to make calls without a phone number.
During a live event announcing the Redmi Note 9 series in Germany, Xiaomi offered a first glimpse at its long-rumored Mi TV Stick.
Huawei bucks downward trend to unseat Apple and take the lead in China's tablet market amid pandemicJun 1, 2020
China's tablet shipments plunged 30 per cent in the first quarter of 2020 compared to the same period last year due to the coronavirus pandemic, although the pain was not shared evenly, according to a report from research firm IDC.
According to a new report from Cowen investment bank, the iPhone 12 series launch will be delayed by at least two months and will take place in November instead of the usual mid-September time-frame.
Today Xiaomi's Redmi revealed the cheapest 5G smartphone in the form of Redmi 10X. The handset represents a whole new beginning for the popularization of 5G since the company was able to bring the new connectivity standard to the sub $250 range.
In a world where smartphones are going well over $1,000, OnePlus believes there's still room for cheap phones.
Redmi is constantly expanding to other market niches as evident from its upcoming Redmi X TV and Redmibook laptop but this one comes a little bit as a surprise. The company unveiled its first-ever PC monitor called Redmi Display 1A - an aggressively priced monitor with very impressive design.
A young Ernest Hemingway, badly injured by an exploding shell on a World War I battlefield, wrote in a letter home that "dying is a very simple thing. I've looked at death, and really I know. If I should have died it would have been very easy for me. Quite the easiest thing I ever did."
When you switch Linux distributions, the default course of action is to wipe everything on your computer. The same is true if you perform a clean install of an upgrade to avoid potential complications.


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Once again we have been mandated as a key media partner for the forthcoming Nedbank IMC Conference 2022, the line up of local and international speakers that will convene 29 July under the theme: ‘‘Relevance. Marketing’s big ask’.
As the hot topic of the year, ‘relevance’ provides an ideal opportunity for a mid-year pause to assess our own relevance and reputation as “the media’s media’.
Many of South Africa and Africa’s major media groups such EMedia Investments, EWN, DSTV, Primedia, Nalesa Media, Spark Media, Showmax, JCDecaux, Mail&Guardian Media, the APO Group, as well as many of SA’s major radio and digital broadcasters regularly advertise and publish their news and programme schedules for the benefit of our audiences, which comprise the full spectrum of advertising, media and marketing companies.
This month saw content innovation amped a few notches, with a high impact takeover of our platforms by Grey and Distell’s Cannes you Even, exclusive content, live from the Cannes Lions ‘Olympics of Advertising’ Festival, which saw the SA contingent distinguish themselves globally in many categories. READ MORE>>
These types of trends towards unexpected B2B publishing are being seen globally as business communications move into increasingly creative spaces.
Here on Biz, virtually unlimited opportunities exist for client brands in leveraging forthcoming industry partnerships activations, such as our annual post-Cannes Lions Trend Talks in collaboration with Ster-Kinekor, the Creative Circle, Ann Nurock and SA’s Cannes jury elite; Brendan Seery’s Orchids & Onions column, Loeries Awards and more. Let’s talk content innovation.
Biz Press Offices allow your company to keep control of global newsroom management trends. Talk to our business development managers about creative editorial solutions for your brands via our platforms. (*for new Press Office ordered during the month of July).
Tick the boxes of essential B2B content marketing with a Biz Thought Leader Package, where your company stakeholder headlines get seen via multiple coordinated touchpoints in the heart of the B2B media. FIND OUT MORE>>
Happy July Media Month on Biz!


text: NEW YORK (July 24)—Cargill Inc., international commodity trader and agro-business giant, seeks a partner to buy into its Rubber Division. "We had an announcement in the `Wall Street Journal´ June 7 about looking for a partner," said Patrecia Bovino, manager of the Cargill Rubber Division in New York. "I really can´t comment further at this time." But Cargill does not plan to exit the rubber sector, as some published reports have indicated, she added. Bovino said the estimate in the "Financial Times" of London that Cargill trades some 400 kilotons of natural rubber annually is "about correct."


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LITTLE ROCK (KFSM) — Arkansas’ economy continues to see broad-based growth in the first quarter of fiscal 2018 even as state revenue collections remained mostly flat, caused mainly by a continued decline in new car sales and weak business investment across the state, according to Arkansas Talk Business & Politics.
Net available general revenues in September totaled $518.8 million, $3.3 million or 0.6% above last year’s results and only $7.1 million or 1.3% below forecast, according to monthly revenue report released Tuesday (Oct. 3) by the state Department of Finance and Administration (DFA).
Michael Pakko, chief economist and state economic forecaster for Arkansas Economic Development Institute at the University of Arkansas at Little Rock, noted that despite trailing sales tax revenue, state budget coffers are still up from a year ago.
“After the first quarter of FY2018, budget finances look to be fairly well on track with small surpluses showing for both total gross revenue and net available revenue,” Pakko said. “The increases in income tax withholding and consumer categories of sales tax receipts indicate healthy, broad-based growth in both incomes and spending.”
State budget officials said among the major revenue categories, declining sales tax revenue offset notably higher collections in consumer-related categories that reflected an uptick in spending by Arkansas taxpayers. Corporate and income tax collections were close to expected level, while income tax revenue totals exceeded the September forecast.
The weakening sales tax collection for the month is primarily a reflection of fewer sales of new cars and truck through September, a national trend that is expected to get a significant boost in upcoming months as consumers in hurricane plagued states such as Texas, Florida and Louisiana look to purchase vehicles.
Arkansas budget officials also reported that business spending in September fell short of expectations. Last week, the U.S. Bureau of Economic Analysis’ (BEA) third estimate of U.S. gross domestic product showed that the nation’s economy grew by 3.1% in the second quarter, primarily driven by strong consumer and business spending. However, most economic experts expect third quarter GDP to dip significantly for the three-month period ended Sept. 30, largely due to the hurricane impact and low productivity growth.
Overall, net available general revenue collections in Arkansas now total $1.379 billion for the first three months of the new fiscal year, which is $43.9 million or 3.5% above last year’s results. Those results, however, are just above forecast by $2.2 million, or 0.2%. The Arkansas Revenue Stabilization Act mandates a balanced budget to provide appropriate funding levels for all the state’s major priorities under Gov. Asa Hutchinson’s $5.5 billion budget for fiscal 2018.
In September, year-to-date gross general revenues rose by $59.1 million, or 3.9% to $1.579 billion. That tally is $8 million, or 0.5% above the yearly forecast, state budget officials said. Gross general revenues measure the total income for the state.
Monthly individual income tax collections totaled $83.9 million, up $8.1 million or 2.9% from a year ago. With respect to the forecast, collections were $500,000 or 0.2% below forecast as individual as withholding tax from payrolls rose 7% from a year ago. Volatile corporate income collections totaled only $71.2 million, a decrease of $1.6 million from a year ago, and $3.3 million or 4.9% above forecast in a key month for estimate payments in this category.
Individual income tax refunds totaled $11.5 million, or $6.6 million above last year and $5.2 million above forecast. September corporate income tax refunds were $2 million, which is $1.1 million below a year ago and $1 million above forecast.
OTHER TAX REVENUE SOURCES
- Alcoholic beverage
- July-September 2018: $14.6 million
- July-September 2017: $14.3 million
- Games of skill
- July-September 2018: $15.5 million
- July-September 2017: $14.1 million
- July-September 2018: $56 million
- July-September 2017: $54.6 million
- July-September 2018: $21.1 million
- July-September 2017: $22.2 million


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Closets around Southern Highlands are feeling much lighter after the 2018 Spring Community Yard Sale held March 17-18—about three and half tons lighter, to be exact.
The two-day neighborhood yard sale also included a donation drop-off for the Opportunity Village Thrift Store. Southern Highlands residents delivered more than 1,200 lbs of good-quality used furniture, housewares and clothing for the store, which serves the Southern Nevada community both as a retailer and as an employment training center for Opportunity Village clients. Founded in 1954, Opportunity Village is a local not-for-profit organization that assists adults with intellectual and related disabilities.
Capping the weekend’s event, a complimentary mobile shredding station at the Southern Highlands Corporate Center shredded more than three tons of documents. The shredding event allowed individuals to dispose of sensitive materials while keeping their identities safe.
Residents from 30 gated and un-gated communities throughout Southern Highlands participated in the annual event, which was free and open to the entire Las Vegas Valley. In addition to unloading their own unwanted items, participants had the opportunity to uncover new treasures by shopping their neighbors’ wares.


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|MORENO VALLEY, Calif. (April 1, 2020) — Whether we choose to do it on Takeout Tuesday or a day without a clever nickname, every dollar residents spend ordering out from MoVal restaurants helps support a business sector that, when healthy, employs as many as 5,000 Moreno Valley residents.
“Food-preparation and -service businesses can make a comeback once we’re past this crisis if they can just hang on long enough,” said Dr. Yxstian Gutierrez, Mayor of Moreno Valley. “We want every one of those jobs and businesses back at some point, and ordering out at least once per week can help make that happen.”
In order to maintain a safe distance from customers, some normally sit-down restaurants are now offering a curbside pick-up option in addition to in-store pick-up and deliveries. In addition to further reducing the spread of coronavirus, the curbside and delivery options offer another benefit. They allow restaurants to keep more employees working without violating the ban on gatherings of more than 10 people total, workers and customers.
A list of MoVal restaurants offering curbside pick-up, takeout or delivery options is available on the City’s website as part of a new Food Resources page at www.moval.org/food and will be updated weekly.


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Ahold Earnings Miss Estimates as Volumes Stay Under PressureElco van Groningen
Royal Ahold NV, the owner of Stop & Shop stores in the U.S., posted first-quarter underlying operating income that fell more than analysts estimated, due to low inflation and continued market pressure.
Underlying operational income fell 4.1 percent at constant exchange rates to 392 million euros ($534 million) from a restated 418 million euros a year earlier, the Zaandam, Netherlands-based retailer said in a statement today. The median estimate of 17 analysts surveyed by Bloomberg was 399 million euros.
“First-quarter sales trends were similar to the previous quarter with a flat year-on-year performance, impacted by low inflation and volumes that remained under pressure in all our markets,” Chief Executive Officer Dick Boer said in the statement.
To maintain growth, the owner of the Dutch Albert Heijn chain is putting more focus on its online businesses as consumers around the world seek out value and ease of purchasing. The retailer forecast “similar trading conditions” in the current quarter and slightly lower U.S. margins than in the preceding period as it partly absorbs commodity-price increases.
The stock declined as much as 3.9 percent and slid 3.6 percent to 13.14 euros at 9:21 a.m. in Amsterdam, giving the company a market value of 12.9 billion euros.
“The second-quarter outlook points to further margin pressure in the U.S. in comparison to the first quarter,” Robert Jan Vos, an analyst at ABN Amro, said by phone. “On the whole, the results were slightly negative.”
Online sales increased 29 percent to 362 million euros in the quarter at constant rates of exchange, while total sales decreased to 9.82 billion euros from 10.1 billion euros a year earlier and rose 0.3 percent at constant exchange rates. In the U.S., Ahold added 47 pick-up points, bringing its total to 167, Boer said on a conference call with reporters. The company has a target to expand to 200 pick-up points this year.
As part of its online strategy in the Netherlands, the retailer extended its bol.com delivery services to drug store brand Etos in the first quarter.
Ahold’s underlying operating margin in the U.S. dropped to
3.9 percent in the first quarter from 4.1 percent a year earlier, while the company’s Dutch margin narrowed to 5.0 percent from 5.3 percent.
The settlement of the Waterbury Class Action suit, relating to former subsidiary U.S. Foodservice, negatively impacted first-quarter earnings by 215 million euros. The U.S. District Court for the District of Connecticut still needs to approve the settlement, which is expected to take place at the end of 2014 or start of 2015.


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In the same week Mayor-elect Carty Finkbeiner blasted plans to bring a Costco to Westgate Village Shopping Center, he flipped his position.
He said yesterday he now supports the $35 million project, but only if all involved agree to a visually pleasing store in a plaza with lampposts and other eye-catching amenities.
Mr. Finkbeiner stood with Lucas County Commissioners Pete Gerken and Tina Skeldon Wozniak in the shopping center to discuss their plans for it.
"Isn't this really what it's about - making our land more valuable tomorrow?" Mr. Finkbeiner said at a news conference at the shopping center - his second this week.
"If the owner and the developer are insistent on doing it here, then I will hold out for doing it right," he said.
Forty-nine-year-old Westgate - at the corner of Secor Road and Central Avenue - sits between the high-income neighborhoods of Ottawa Hills and Old Orchard and provides a rich commercial opportunity if redeveloped with aesthetics in mind, he said.
Along that vein, the three elected officials announced plans to spend up to $15,000 of taxpayer money through the newly reformed Lucas County Improvement Corp. to hire three urban planning "professionals," including failed mayoral candidate Keith Wilkowski, to come up with development proposals.
"This is a once-in-several-generation opportunity to get this right," Ms. Wozniak said.
The urban planners would submit ideas for the best design for the flagging Westgate, which is home to smaller shops and franchises, such as Barry Bagels.
Under the plan, 20 tenants would be reduced to as few as five.
The politicians insisted the redevelopment follow the guidelines of a two-year-old plan called "Walk Westgate," which was a process to study and change zoning laws to promote pedestrian-friendly commerce.
Mr. Gerken said he liked discount wholesaler Costco Corp. because it pays higher wages than most retail stores.
According to the plans, the company would employ 188, with nonsalary hourly wages from $10.50 to $18.57. The store would create $780,000 a year in sales-tax revenue for Lucas County, generate up to $15 million in construction paychecks, and keep $2 million in Toledo that residents now spend at Costco operations in Michigan, the developer said.
This month, nearby residents squawked at the plan, saying it was developed without their input. Some residents fear a new Costco-anchored shopping center would lose its small retail flavor.
A potential sticking point is whether Costco builds a "fuel depot" for its customers. Residents do not want it, but Costco insists because rival Sam's Club off of Airport Highway has one. A gas station would require a special-use permit and could be held up by city officials.
The shopping center also might need publicly financed sewer improvements.
"We have a little bit of leverage there," Mr. Finkbeiner said.
Mr. Finkbeiner, whose rival, Mayor Jack Ford, approved the Westgate project Dec. 22, had criticized the plan. Across the street, where the Sears is located, would be a better place, he said.
Mr. Finkbeiner said he understands Mr. Ford wanted a victory at the end of his administration but said the Westgate plan is flawed because it asks Costco "for nothing." The city and county are now left with the permitting process to flex their muscles, he said.
The plan was to be heard at the Jan. 12 meeting of the Toledo Plan Commission, but the developer, Elizabeth Holland, who is CEO of Abbell Credit Corp., agreed to delay until Feb. 2. She plans a community meeting at 7 p.m. Jan. 18 at the Covenant Presbyterian Church at 3225 Markway Road to hear from residents, she said.
Ms. Holland, who yesterday heard for the first time about the plan for more study, said the Walk Westgate project generated new zoning laws that Abbell is following.
"I think there's a disconnect here. A lot of those issues became law," said Ms. Holland, whose grandfather built Westgate. "You can't move the bar [up] in the middle of the game."
Contact Christopher D. Kirkpatrick
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AWARDS NEWS: B2B best brand shortlist announced
The five companies selected to battle it out for the coveted best brand title at the B2B Marketing Awards 2010 are Apple, Google, Powwownow, Sage and Viking Direct.
These five brands were selected from the longlist of 20 after two weeks of public voting on the B2B Marketing website.
Joel Harrison, editor of B2B Marketing, comments, "The B2B marketing community has spoken - these are the five brands which practitioners have shortlisted for 2010. It's an interesting mix, with brands from very different sectors and with very different personalities going head to head.
"There was some debate about whether Apple even qualify as B2B, but I nominated them and I'm sticking by my decision! It will very interesting to see who comes out on top at the awards later this month."
All five brands will go to the awards with the chance of scooping the prize, as the eventual winner will be selected via a live public vote on awards night.
Congratulations to all the brands making on to this year's shortlist.


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Marc Jacobs, the darling of American high fashion, kept fashionistas kicking their heels Wednesday, before bringing the house down 90 minutes late with a dexterous display of 1950s glamor, pastels and ruffles.
The cosmetics giant has announced ‘Le Défilé L'Oréal Paris,' a presentation set to take place on a 60-meter long floating catwalk on the river Seine, in the heart of the French capital, on September 30.
Oxford Industries said on Thursday that consolidated net sales in the second quarter of fiscal 2018 increased 6% to $302.6 million, with increases across its Tommy Bahama, Lilly Pulitzer and Southern Tide brands.
E-retailer Moda Operandi and Rock the Vote have launched a trunkshow of limited-edition political t-shirts in the hopes of inspiring Americans to participate in the upcoming midterm elections this November.
The Messe Frankfurt textile event is expecting 1,850 exhibitors from 17th to 20th September at Paris' Parc du Bourget, where it will be introducing new initiatives including a trade show focusing on leather.
Starring painterly florals and aquatic motifs and made in a palette of turquoise, persimmon and lime, it would be hard to imagine a more optimistic collection that this selection of clothes for S/S 2019.
On the eve of its semi-annual results, the company celebrated the reopening of its Milanese flagship. FashionNetwork.com analyses the event that reveals the intricacies within the omnichannel retail giant.
Superdry had big news Wednesday with a new fashion fashion initiative to reach the Asos generation and a big new hire, the company having lured Tommy Hilfiger's former global head of womenswear to its brand.


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Stephen Curry # 30 of the Golden State Warriors lifts the ball in the second half of a game won by Utah Jazz 129-99 at the Vivint Smart Home Arena on January 30, 2018 in Salt Lake City, Utah.
Gene Sweeney Jr | Getty Images
Golden State Warriors have agreed to international rights sponsorship with the FTX crypto platform.
The terms of the deal were not made public, but people familiar with the deal told CNBC it was a multi-year deal, with a total value of over $ 10 million. People discussed the deal on condition of anonymity, as they are not authorized to discuss the specifics of the contract. This is the first global deal for $ 5.6 billion Golden State Warriors.
FTX, worth about $ 25 billion, is one of the largest digital currency exchanges in the world and competes with the likes of Coinbase, Binance, and Kraken.
“FTX is a company that caught our attention a couple of months ago,” Warrior President and COO Brandon Schneider told CNBC. “We think we are at the very beginning. We are all learning and this space will evolve a little, ”added Schneider.
This is the latest such deal for FTX, which has a referee soccer deal with Major League Baseball. He also won the rights to the Miami Heat arena name in a deal that was reportedly valued at $ 135 million over 19 years.
“We think they are a market leader in the right direction,” Schneider said of FTX.
The NBA has allowed clubs to use international agreements in 2019 in an effort to expand its global presence.
Sam Bankman-Freed, Co-Founder and Chief Executive Officer of FTX, Hong Kong, China, Tuesday 11 May 2021.
Lam Yik | Bloomberg | Getty Images
FTX gains brand positioning at Warriors’ G League and the NBA 2K esports team, arena signage at Chase Center, and team rights to non-fungible tokens (NFT).
FTX will also receive virtual inventory for games from the Warriors regional sports network. The digital logos are shown on television during local and national NBA games to resemble real floor signs. Industry insiders estimate that virtual advertising costs roughly $ 15,000 per quarter.
Most of the Warriors games are broadcast on RSN, owned by NBCUniversal, CNBC’s parent company.
Another dot-com bubble in sports?
Crypto companies have been actively seeking sports sponsorship in 2021, and the NBA has welcomed this attention.
The Coinbase logo is displayed in NBA arenas during ESPN and Turner Sports national games. People familiar with the deal told CNBC it was worth $ 192 million over four years.
Los Angeles Lakers renamed Staples Center as Crypto.com Arena in a $ 700 Million Deal. And in July, the Portland Trail Blazers received the league’s first patch for a crypto shirt featuring StormX.
Organizations like the National Football League remain wary of the crypto space, and it is rumored that cryptocurrency deals resemble sports sponsorship bubble featuring dot-coms.
In the era when the Internet was booming, tech companies invested in sports sponsorship to increase brand awareness. The NFL knows this period well. Companies like CMGI and PSINet made club deals before losing much of their early fortunes.
“I see similarities in behavior at the leading edge of the bubble,” said Peter Laatz, global managing director of sponsored appraisal company IEG. “The hasty spending behavior and cash flow coming in with league-wide name rights while retaining some consumer confusion about what the product is is a lot like the dot-com bubble.”
Schneider said the comparison to the dot-com crash was fair.
“If this is what it is … then this is really the beginning, because the dot-com boom was kind of the beginning of the Internet as we know it. All of these companies are at an early stage in their journey. “
The Buy Bitcoins Here sign will be displayed at the 7-Eleven store on November 10, 2021 in Los Angeles, California.
Mario Tama | Getty Images
Warriors are back in bitcoins
The Warriors and FTX also partnered to donate one bitcoin to three local non-profit organizations that are committed to education equity, including Self-eSTEM, Mission Bit, and Techbridge Girls.
“The community is so supportive of us and we want to bring that back,” Schneider said.
The deal is for the franchise to be reborn in the NBA’s 75th Anniversary season. The Warriors have one of the best records this season, and their superstar Stephen Curry is putting on the show.
Curry is close to breaking Ray Allen’s record for the most three-pointers. Allen leads with 2,973 3-pointers, while Curry is just two ahead of him.
Ryan Brown of CNBC contributed to this article.


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April 26, 2018 — (Vancouver, BC)good natured Products Inc. (the “Company” or “good natured®”) (TSX-V: GDNP), today announced its financial year end results for the 10 months ended December 31, 2017 (“YE2017”). The Company announced on January 9, 2018 a fiscal year-end change from February 28th to December 31st. With this change, YE2017 began on March 1, 2017 and ended December 31, 2017.
- Revenues for the ten months ended December 31, 2017 increased 20% to $2,478,956 compared to $2,066,061 for the twelve months ended February 28, 2017. For comparative purposes, the unaudited revenue for the twelve months ending February 28, 2018 was $3,129,839, an increase of 51% over the twelve months ending February 28, 2017.
- Gross profit for the ten months ended December 31, 2017 was $762,397 compared to $634,884 for the twelve months ended February 28, 2017. Gross profit as a percentage of sales was 31% in both the ten months ended December 31, 2017 and the twelve months ended February 28, 2017.
- SG&A for the ten months ended December 31, 2017 was $2,762,882 compared to $2,896,629 for the twelve months ended February 28, 2017. SG&A expenditures, minus variable outsourced supply chain and fulfillment costs, decreased by 9% for the ten months ended December 31, 2017 compared to the twelve months ended February 28,2017.
- For the ten months ended December 31, 2017, the Company incurred a net loss before other items of $2,932,069 compared to a net loss of $3,565,638 for the twelve months ended February 28, 2017.
“Our team’s sales execution drove a strong finish to 2017, delivering another quarter of record year over year revenue growth to over $3.1 million,” said Paul Antoniadis, CEO of good natured®. “The recent closing of financing of more than $5.0 million puts GDNP in a solid working capital position to accelerate growth in the current year.”
The Company plans to announce its FY2018 first quarter results from January 1, 2018 to March 31, 2018 in May 2018.
The Company’s audited year end financial statements and Management’s Discussion and Analysis are available on SEDAR at: www.sedar.com.
View the good natured® corporate profile.
About good natured Products Inc.
With over 100 plant-based food packaging designs, 10 grades of bioplastic rollstock sheets, 30 home & business organizational products and a world class team of scientists, business builders and retailers, good natured® is producing and distributing one of North America’s widest assortments of consumer products and packaging made from the highest possible percentage of renewable, plant-based materials and no BPAs, phthalates or other chemicals of concern.
Committed to doing what’s right for the planet and right for business, good natured® is creating better everyday products® that combine cutting-edge bioplastic technology and the latest sustainable design features that not only look good, but maximize shelf space, drive incremental sales, enhance logistics and boost environmental benefits, all bundled up in a fresh and friendly brand.
For more information, see our investor site.
On behalf of the Company:
Paul Antoniadis – Chief Executive Officer and Board Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibilities for the adequacy or accuracy of this release.